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Philips-Spectranetics-062817.jpg Dutch consumer electronics giant Philips Electronics NV Wednesday announced a definitive merger agreement to buy Spectranetics Corp., a vascular intervention and lead management solutions provider. Under the deal, Philips will commence a tender offer to buy Spectranetics for $38.50 per share, to be paid in cash upon completion. The implied enterprise value is approximately 1.9 billion euros.

samsuggalaxynote7-062817.jpg Samsung Electronics Co. is reviving its Galaxy Note 7 premium smartphone, which was recalled last year over faulty battery issues. A refurbished version of the smartphone with different components under the name Galaxy Note 7 Fandom Edition or FE will be coming to retailers' shelves on July 7, reports said.

stocklow-062817.jpg European stocks are seen opening lower on Wednesday amid concerns whether the Trump administration will be able to deliver pledged tax cuts and infrastructure spending. The dollar hit new lows for the year against the euro and Swiss franc after ECB Chief Mario Draghi hinted the central bank could...

Europe-Cyber-attack-062817.jpg A massive cyberattack has hit Europe on Tuesday, spreading to U.S. and Asia, affecting businesses and government systems with ransom demands. The new ransomware attack, in a possible reprise of a widespread WannaCry assault in May, is said to be caused by the virus linked to malware called Petrwrap or Petya. The affected users are told to pay $300 in cryptocurrency per infected computer...

volkswagen-nvidia-062717.jpg Volkswagen has started working with Nvidia to expand usage of its artificial intelligence and deep learning technologies beyond autonomous vehicles. Nvidia on Tuesday revealed a series of collaborations with five of Europe's key companies to move AI technology into production. Speaking at the Automobil...

Disney-MagicKingdom-062717.jpg Disney and President Trump's team has reportedly been fighting over the president's speech for theme park's famous The Hall of Presidents exhibit. Walt Disney World's Hall of Presidents had actually closed for renovations in January to include the new Donald Trump robot. It was originally scheduled...

TrendMicro-062717.jpg Trend Micro Inc. has announced the launch of a corporate venture fund to explore emerging technology markets, with an initial investment of $100 million. Trend Micro will use this venture fund to "nurture a portfolio of startups that are incubating ideas and living at the epicenter of hyper growth...

wallstreet-111914_27Jun17.jpg Following the lackluster performance seen in the previous session, stocks moved mostly lower over the course of the trading day on Tuesday. The tech-heavy Nasdaq showed a particularly steep drop, underperforming the other two major averages.

SenMitchMcConnell-062717.jpg A Senate vote on a Republican bill to repeal and replace Obamacare is being delayed until after the July 4th recess amid indications of a lack of support for the legislation. The move by Senate Majority Leader Mitch McConnell, R-Ken., comes as several Republican Senators indicated they would vote...

UberDriver-Walmart-Sued-062717.jpg Relatives of a Chicago-based Uber driver who was stabbed to death has filed a wrongful death suit against Walmart because they allege that the store employees failed to stop the accused girl from stealing weapons that was used for the killing. The family of Grant Nelson filed the lawsuit in Cook County...

PaulRyan-062717.jpg Despite several Republican Senators indicating their opposition to a bill to repeal and replace Obamacare, House Speaker Paul Ryan, R-Wis., has expressed confidence the Senate will eventually approve the legislation. Ryan told reporters at a press briefing on Tuesday that he has "every expectation"...

Oscar-Mayer-wienermobile-062717.jpg Oscar Mayer announced the launch of WienerDrone, which will be the "first unmanned hot dog-carrying aircraft designed for remote location delivery." Oscar Mayer's WienerFleet already consists of the Wienermobile, WienerMini and WienerRover. Now, the company has added WienerCycle and WienerDrone. "These...

wallstreet-112414_27Jun17.jpg After seeing initial weakness, stocks have once again turned mixed over the course of the trading session on Tuesday. While the Dow has climbed into positive territory, the tech-heavy Nasdaq has remained in the red.

AlecBaldwin-062717.jpg Alec Baldwin will show up again on CNN to play Donald Trump for Saturday Night Live. "Yea, we're going to fit that in. I think people have enjoyed it," the 59-year-old actor, writer, comedian and producer told CNN Monday. Baldwin has received worldwide attention and acclaim for his portrayal of...

Apple-Hertz-062617.jpg Apple and Hertz Global Holdings Inc. will work hand in hand to develop self driving vehicles. Bloomberg reported that Apple will hand over six Lexus SUVs to Hertz subsidiary Donlen fleet management unit for software testing. The leasing agreement between Apple and Hertz for a small fleet of vehicles was revealed by the California Department of Motor vehicles. The document listed Donlen as the le

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